Imperial Sugar (IPSU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Imperial Sugar (IPSU)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patentlawmeister who wrote (50)	12/31/2002 5:59:11 PM
From: Crossy	Read Replies (1) of 121

Cuda, the 10K is finally here.. sec.gov I see they still got $10m in Net Operating Loss carryforwards left.. With the Proceeds from the Hormel sale and the Sidney & Torrington refineries, IPSU paid back tbeir entire Term note, their Accounts receivable facility and their revolving credit agreement. They entered into a new term note $35m and a new revolver with GE/BoA of $175m of which no amount was currently drawn from.. I still stand by my $13 per share book value estimate.. Let's see.. They now have longterm debt of $35m left but they bought back securitized A/R. Good idea to do this. Imperial gains more by harvesting its A/R themselves. After all they sell mostly to grocery, supermarkets and industrial consumers so the counterparties of their A/R shouldn't be that illiquid.. rgrds CROSSY

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next